Monthly Archives: October 2017

Before delving into the analysis, it is necessary to introduce Bourdieu’s basic terminology. Although it may seem abstract, it is, unfortunately, indispensable for understanding his work. There are four central concepts in Bourdieu’s sociology: capital, habitus, fields, and symbolic power.

Capital refers to resources. Bourdieu identifies three main varieties: economic (understood basically as income and ownership), social (basically understood as connections), and cultural (informal education, cultural objects, and credentials). These can be measured in two dimensions: quantity and structure. Thus, particular agents may possess more or less total amounts of capital, and this capital may be structured in different proportions. Accordingly, although two “agents” may have the same total overall amount of capital, one might have a greater proportion of cultural capital and the other of economic capital.6 Generally, the volume and structure of capital determines one’s “position in social space” or class position.

in different ways the spectre of German hegemony has re-appeared. In the past Britain and France offered an effective counterweight to this tendency. But now Britain has decided to leave and France has in recent years been weak, both politically and economically, though perhaps under President Macron it will recover its traditional role.

The world is awash in personal wealth: $153.2 trillion in total, according to Allianz’s new Global Wealth Report 2015. That’s enough to pay three times the world’s sovereign debt, the debts of each nation. The report, which measured 2014 wealth, found 2014 was the third consecutive year in which global wealth grew more than 7%.

The jump was largely the result of households pumping up their personal savings efforts. The U.S.—with $63.5 trillion in total private wealth—holds the largest amount of any country in the world. But that wealth is unevenly distributed, and nowhere is that more evident than in the U.S., which also has the largest wealth inequality gap of 55 countries studied, according to the report.